ZPRE.DE vs. EL4C.DE
ZPRE.DE (SPDR MSCI EMU UCITS ETF) and EL4C.DE (Deka STOXX Europe Strong Growth 20 UCITS ETF) are both Europe Equities funds - ZPRE.DE tracks the MSCI EMU while EL4C.DE tracks the STOXX® Europe Strong Growth 20. Both are passively managed. Over the past 10 years, ZPRE.DE returned 9.98%/yr vs 7.35%/yr for EL4C.DE. A 0.62 correlation means they provide meaningful diversification when combined. ZPRE.DE charges 0.18%/yr vs 0.65%/yr for EL4C.DE.
Performance
ZPRE.DE vs. EL4C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRE.DE achieves a 9.05% return, which is significantly lower than EL4C.DE's 12.27% return. Over the past 10 years, ZPRE.DE has outperformed EL4C.DE with an annualized return of 9.98%, while EL4C.DE has yielded a comparatively lower 7.35% annualized return.
ZPRE.DE
- 1D
- 0.59%
- 1M
- 4.67%
- YTD
- 9.05%
- 6M
- 10.89%
- 1Y
- 18.16%
- 3Y*
- 15.98%
- 5Y*
- 10.50%
- 10Y*
- 9.98%
EL4C.DE
- 1D
- 0.62%
- 1M
- -0.01%
- YTD
- 12.27%
- 6M
- 13.94%
- 1Y
- 5.07%
- 3Y*
- 1.76%
- 5Y*
- -2.09%
- 10Y*
- 7.35%
ZPRE.DE vs. EL4C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRE.DE SPDR MSCI EMU UCITS ETF | 9.05% | 24.37% | 9.48% | 18.70% | -11.85% | 21.92% | -0.70% | 27.13% | -12.82% | 13.22% |
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF | 12.27% | -3.34% | -6.07% | 15.53% | -35.98% | 26.15% | 24.97% | 48.01% | -5.01% | 21.71% |
Correlation
The correlation between ZPRE.DE and EL4C.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2013 | 0.63 |
The correlation between ZPRE.DE and EL4C.DE shifts across timeframes, from 0.62 (all time) to 0.79 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRE.DE vs. EL4C.DE — Risk / Return Rank
ZPRE.DE
EL4C.DE
ZPRE.DE vs. EL4C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EMU UCITS ETF (ZPRE.DE) and Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ZPRE.DE | EL4C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.06 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.33 | +1.43 |
| Martin ratioReturn relative to average drawdown | 6.43 | 0.70 | +5.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPRE.DE | EL4C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.23 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | -0.09 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.35 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.36 | +0.18 |
Drawdowns
ZPRE.DE vs. EL4C.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, smaller than the maximum EL4C.DE drawdown of -50.13%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and EL4C.DE.
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Drawdown Indicators
| ZPRE.DE | EL4C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -50.13% | +11.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -15.20% | +4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -28.07% | +12.94% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -44.48% | +20.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -44.48% | +6.32% |
Current DrawdownCurrent decline from peak | -0.47% | -26.07% | +25.60% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -16.08% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 7.19% | -4.37% |
Volatility
ZPRE.DE vs. EL4C.DE - Volatility Comparison
The current volatility for SPDR MSCI EMU UCITS ETF (ZPRE.DE) is 4.62%, while Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) has a volatility of 7.32%. This indicates that ZPRE.DE experiences smaller price fluctuations and is considered to be less risky than EL4C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRE.DE | EL4C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 7.32% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 17.65% | -5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 21.87% | -7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 22.58% | -6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 21.55% | -4.43% |
ZPRE.DE vs. EL4C.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% expense ratio, which is lower than EL4C.DE's 0.65% expense ratio.
Dividends
ZPRE.DE vs. EL4C.DE - Dividend Comparison
ZPRE.DE has not paid dividends to shareholders, while EL4C.DE's dividend yield for the trailing twelve months is around 0.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF | 0.79% | 0.79% | 0.67% | 0.42% | 4.57% | 0.00% | 0.00% | 0.00% | 0.21% | 0.16% | 0.24% | 0.17% |
ZPRE.DE SPDR MSCI EMU UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRE.DE and EL4C.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRE.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for EL4C.DE.
ZPRE.DE tracks MSCI EMU, while EL4C.DE tracks STOXX® Europe Strong Growth 20. They also come from different issuers: State Street and Deka. Their fees differ too: 0.18% for ZPRE.DE and 0.65% for EL4C.DE.
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